Because we live in an economy it is important to study economics

Because we live in an economy it is important to study economics, simply because economics affects everyone. We are part of an economics system, where every day we engage in economic activities.Economics defined as a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.
Economics not just study about the economy of country, inflation rate or stock market. I have learnt that economy is all related to our lives. For example we buy a shoe or a shirt, we are making economic choices. Economics is about choice, all kinds of choice. We are making economic choice about marriage or single, sick or healthy and even life or death.